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Fintech, Digitalization and Blockchain: Possible Applications for Green Finance

In: The Rise of Green Finance in Europe

Author

Listed:
  • Gregor Dorfleitner

    (University of Regensburg)

  • Diana Braun

    (University of Regensburg)

Abstract

The objective of this chapter is to delineate the potential of fintech and blockchain to unlock the mobilization of green finance and to overcome respective barriers by explaining the key functionalities of applications including their key benefits and limitations. Fintech and blockchain facilitate access to new sources of finance and investment, from a larger investor base—especially from private investors. In addition, they operate in decentralized systems, bypassing traditional intermediaries such as banks or other financial institutions, decreasing costs and inefficiencies. Blockchain technology further enables effective monitoring, reporting and verification, increases transparency and accountability and reduces the risk of greenwashing. However, uniform standards and definitions for green finance as well as adequate legal and regulatory frameworks are still required.

Suggested Citation

  • Gregor Dorfleitner & Diana Braun, 2019. "Fintech, Digitalization and Blockchain: Possible Applications for Green Finance," Palgrave Studies in Impact Finance, in: Marco Migliorelli & Philippe Dessertine (ed.), The Rise of Green Finance in Europe, chapter 0, pages 207-237, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-22510-0_9
    DOI: 10.1007/978-3-030-22510-0_9
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    Citations

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    Cited by:

    1. Yang, Shengyao & Zhu, Meng Nan & Yu, Haiyan, 2024. "Are artificial intelligence and blockchain the key to unlocking the box of clean energy?," Energy Economics, Elsevier, vol. 134(C).
    2. Pham, Linh & Huynh, Toan Luu Duc & Hanif, Waqas, 2023. "Time-varying asymmetric spillovers among cryptocurrency, green and fossil-fuel investments," Global Finance Journal, Elsevier, vol. 58(C).
    3. Wang, Minxue & Li, Bo & Song, Dongping, 2024. "The impact of blockchain on restricting the misuse of green loans in a capital-constrained supply chain," European Journal of Operational Research, Elsevier, vol. 314(3), pages 980-996.
    4. Meihui Zhang & Chi Zhang & Fenghua Li & Ziyu Liu, 2022. "Green Finance as an Institutional Mechanism to Direct the Belt and Road Initiative towards Sustainability: The Case of China," Sustainability, MDPI, vol. 14(10), pages 1-31, May.
    5. Giakoumelou, Anastasia & Salvi, Antonio & Bekiros, Stelios & Onorato, Grazia, 2024. "ESG and FinTech funding in the EU," Research in International Business and Finance, Elsevier, vol. 69(C).
    6. Ida Ayu Agung Faradynawati & Inga-Lill Söderberg, 2022. "Sustainable Investment Preferences among Robo-Advisor Clients," Sustainability, MDPI, vol. 14(19), pages 1-16, October.
    7. Marszk, Adam & Lechman, Ewa, 2024. "What drives sustainable investing? Adoption determinants of sustainable investing exchange-traded funds in Europe," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 63-82.
    8. Qian Liu & Yiheng You, 2023. "FinTech and Green Credit Development—Evidence from China," Sustainability, MDPI, vol. 15(7), pages 1-23, March.
    9. Yadav, Sanjeev & Samadhiya, Ashutosh & Kumar, Anil & Luthra, Sunil & Pandey, Krishan Kumar, 2024. "Nexus between fintech, green finance and natural resources management: Transition of BRICS nation industries from resource curse to resource blessed sustainable economies," Resources Policy, Elsevier, vol. 91(C).
    10. Carlos Sanchis-Pedregosa & Emma Berenguer & Gema Albort-Morant & Jorge Anton Sanz, 2020. "Guaranteed Crowdlending Loans: A Tool for Entrepreneurial Finance Ecosystem Sustainability," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(55), pages 775-775, August.
    11. Mirza, Nawazish & Umar, Muhammad & Afzal, Ayesha & Firdousi, Saba Fazal, 2023. "The role of fintech in promoting green finance, and profitability: Evidence from the banking sector in the euro zone," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 33-40.
    12. Khan, Imran & Khan, Inayat & Ikram, Rana Muhammad Adnan & Ali, Mohammad Ajmal, 2024. "Integrating FinTech with Industry 4.0 for sustainable mineral resource management: Exploring the interplay of technology, regulation, and economic dynamics," Resources Policy, Elsevier, vol. 92(C).
    13. Dorfleitner, Gregor & Muck, Franziska & Scheckenbach, Isabel, 2021. "Blockchain applications for climate protection: A global empirical investigation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    14. Huang, Jin & Liu, Ruiqi & Wang, Wenting & Wang, Zi'ang & Wang, Congwei & (Jimmy) Jin, Yong, 2024. "Unleashing Fintech’s potential: A catalyst for green bonds issuance," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 93(C).
    15. Fan, Min & Lu, Zhixi & Zhou, Yun & Wang, Jian, 2024. "Threshold and spillovers effects of fintech on China's energy dependence on fossil fuel," Resources Policy, Elsevier, vol. 91(C).
    16. Urom, Christian, 2023. "Time–frequency dependence and connectedness between financial technology and green assets," International Economics, Elsevier, vol. 175(C), pages 139-157.
    17. Christodoulou, P. & Psillaki, M. & Sklias, G. & Chatzichristofis, S.A., 2023. "A blockchain-based framework for effective monitoring of EU Green Bonds," Finance Research Letters, Elsevier, vol. 58(PB).
    18. Bhutta, Umair Saeed & Tariq, Adeel & Farrukh, Muhammad & Raza, Ali & Iqbal, Muhammad Khalid, 2022. "Green bonds for sustainable development: Review of literature on development and impact of green bonds," Technological Forecasting and Social Change, Elsevier, vol. 175(C).

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